Ethereum was as soon as once more buying and selling above $1,300, as cryptocurrency costs rose to start out the weekend. Markets had been again within the inexperienced on Saturday following a risky week, which got here because the U.S. greenback continued to strengthen. Bitcoin additionally surged larger, transferring again above $19,000.
Bitcoin
Bitcoin (BTC) rose again above $19,000 on Saturday, as cryptocurrency markets climbed larger to start out the weekend.
Earlier in right this moment’s session BTC/USD rallied to an intraday excessive of $19,237.39, which comes lower than a day after hitting a low of $18,770.97.
At this time’s peak sees the token transfer away from its current assist level of $18,900, following a false breakout in yesterday’s session.
Wanting on the chart, the rebound in value has additionally pushed the 14-day relative power index (RSI) larger, and it’s now transferring in the direction of a resistance level of its personal.
As of writing, the index is monitoring on the 46.35 level, which is marginally under a resistance degree of 48.00.
Ought to we see this ceiling damaged, then BTC bulls may very well be one step nearer to recapturing the $20,000 mark.
Ethereum
Ethereum was additionally buying and selling larger to start out the weekend, because the token surged following a turbulent week of buying and selling.
Following a transfer to a low of $1,260.67 on Friday, ETH/USD was again above $1,300 on Saturday, hitting a peak of $1,306.71 within the course of.
Like with bitcoin above, right this moment’s surge noticed ethereum bounce from a key assist of $1,270, and it’s now on target to hit a resistance degree.
The aforementioned ceiling is the $1,330 level, which hasn’t been hit since Tuesday, when bearish stress moved the value under this level.
Bullish sentiment appears to be returning, nonetheless, with the RSI now monitoring at 45.90, which is marginally under a ceiling of 46.00.
If momentum stays upward-focused we are going to possible see this level damaged this weekend, and the token as soon as once more above $1,330.
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